Author: NBTC

The criminal trial of former SafeMoon CEO John Karony entered its second week with testimony from Henry “Hank” Wyatt, a SafeMoon staffer who handled communications until his resignation in September 2021. Wyatt, under questioning from prosecutors, testified that Karony, SafeMoon creator Kyle Nagy, and CTO Thomas “Papa” Smith jointly approved content for SafeMoon’s website in March of that year that misrepresented the nature of its tokenomics. Specifically, these included claims that new liquidity generated by the protocol was “automatically” locked in the liquidity pool. Wyatt also testified that Karony directed changes to this language later. In preserved messages, Karony sought…

Polkadot has set its stall out for gaming since day one, recognizing both the appeal of this web3 sector and its ability to showcase the versatility of the Substrate chain’s underlying tech. Thanks to its parachain architecture, Polkadot enables developers to create immersive games that blend seamless gameplay with onchain mechanics, from NFT-driven economies to community-driven lore.With the recent JAM upgrade having made Polkadot more scalable and interoperable than ever, its case as a suitable layer on which to deploy web3 games has been strengthened. But make no mistake, Polkadot has been gaming-friendly from the outset, as the following five…

Solana co-founder Anatoly Yakovenko has proposed the concept of a Meta blockchain for the company. He argues that the meta blockchain will post data on any chain, such as Ethereum, Celestia, or Solana, and use a specific rule to merge data from all the chains into a single order history. The entrepreneur noted that the blockchain would also let apps or users choose the cheapest data availability layer at any given time rather than sticking to just one. Yakovenko said that making data availability cheap makes everything else cheap, highlighting bandwidth as the key constraint. He believes it could be…

CryptoQuant analyst Axel Adler Jr calculated the average cost for mining Bitcoin to around $36,800 per BTC. The current market price compared to the cost of mining could generate 182% profit for miners. According to a recent post by CryptoQuant analyst Axel Adler Jr, the current average production cost required to mine 1 BTC (BTC) is equal to around $36,800. He was able to calculate the cost of mining by combining the latest data from April 2025 with the average cost of electricity, energy efficiency, capex amortization and the Power Usage Effectiveness multiplier. Based on Adler Jr’s calculations, at Bitcoin’s…

Animoca Brands, a Web3 investment company, is planning a public listing in New York, seeking to capture the “unique moment” offered by the Trump administration’s approach to digital asset regulation, executive chairman Yat Siu told the Financial Times. An announcement on plans to list could be made soon, Yat Siu said in an interview, according to the Financial Times. Under former President Joe Biden, the U.S. crypto regulatory landscape was littered with lawsuits and enforcement actions against prominent crypto companies such as crypto exchanges Coinbase and Kraken. These have been dropped this year in a signal of the more friendly…

After a strong bullish reversal, Ethereum’s momentum appears to be cooling amid massive profit-taking from holders. Ethereum (ETH) is trading at $2,438 as of press time, down 3.5% in the past 24 hours after a strong 34% rally over the past week. Open interest has decreased by 2%, as per Coinglass data, indicating a reduction of leveraged bets. The decline comes after an intense rally that saw ETH soar from $1,800 to over $2,500 in a matter of days. According to a May 13 analysis on X by Glassnode, the rapid climb was supported by a lack of resistance between…

Solana Name Service (SNS.SOL), formerly Bonfida, has recently launched the SNS token and developed a detailed tokenomics strategy. Notably, 40% of the SNS token supply is allocated for an airdrop. So, how can users claim their share of the SNS token airdrop? Let’s find out the details in this article. Solana Name Service Unveils SNS Token Solana Name Service is a domain name service on the Solana blockchain. This project has officially introduced the SNS token. According to an announcement, this move marks a significant shift aimed at reorienting and better serving the community of .sol domain holders. Previously, FIDA…

Layerzero has launched Hyperbridge, a new interoperability solution connecting external blockchain assets to Hyperliquid’s decentralized trading ecosystem, which recently saw its open interest hit a record $5.6 billion. Cross-Chain Trading Boosted as Layerzero Rolls Out Hyperbridge for Hyperliquid Layerzero, an omnichain interoperability protocol, has introduced Hyperbridge, a tool designed to streamline asset transfers between external blockchains and Hyperliquid’s decentralized exchange (DEX). The launch comes as Hyperliquid, a high-speed perpetual futures platform, reported a new all-time high open interest of $5.6 billion on Sunday, May 11, 2025, showcasing its growing influence in decentralized derivatives trading. Source: Hyperliquid via X Layerzero enables…

There has been a 14% increase in the global stablecoin supply since January to just over $242 billion. Tether continues to dominate the stablecoin industry, with nearly 61% of the overall stablecoin market in circulation. This rise in supply results from increased liquidity and stronger investor activity in the DeFi platform. Since the beginning of 2025, global stablecoin supply has grown by roughly 14%, suggesting increased liquidity flow and DeFi investor demand. According to Token Terminal, the aggregated Year to Date (YTD) change has shown steady momentum recently, skyrocketing in recent weeks, bringing the market closer to the $200 billion…

The decentralized finance economy runs on something known as “liquidity”, which refers to the funds provided by protocol users to keep their engines ticking over. These liquidity pools are the lifeblood of DeFi applications, enabling users to swap tokens, lend and borrow funds, and more. At the time of writing, there is currently more than $100 billion of value locked into hundreds of DeFi liquidity pools. The vast majority of these pools are what fuel the token trades on decentralized exchange platforms. They’re created when users lock two kinds of crypto into a smart contract, providing the capital needed for…